Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Nine analysts rate Northland Power a "Moderate Buy" (5 hold, 3 buy, 1 strong buy) with an average 1‑year price target of C$23.50.
• Shares trade around C$23.74 with a 52‑week range of C$15.96–C$25.99 and a market cap of C$6.21B; the company reported C$0.93 EPS for the quarter but has a negative net margin (−6.69%), negative ROE, and a high debt‑to‑equity ratio (176.8).
• Dividend: Northland declared a monthly dividend of $0.06 per share (ex‑dividend Apr 30, payable May 15), implying a ~3.0% yield despite a negative payout ratio (−178%).

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$23.50.

Several research analysts have issued reports on NPI shares. TD Securities raised their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a "hold" rating in a research report on Friday, February 27th. Desjardins raised their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the company a "hold" rating in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the company an "outperform" rating in a report on Friday, March 27th.

Northland Power Trading Down 0.1%

Shares of Northland Power stock opened at C$23.74 on Wednesday. Northland Power has a 1 year low of C$15.96 and a 1 year high of C$25.99. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07. The company has a market capitalization of C$6.21 billion, a P/E ratio of -36.52, a PEG ratio of 0.71 and a beta of 0.78. The company's fifty day moving average is C$22.31 and its two-hundred day moving average is C$20.76.

Northland Power (TSE:NPI - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The company had revenue of C$725.26 million for the quarter.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Northland Power's payout ratio is -178.46%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

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